Short Interest in Sparkline Intangible Value ETF (NYSEARCA:ITAN) Increases By 118.1%

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 9,342 shares, a growth of 118.1% from the June 30th total of 4,283 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,842 shares, the days-to-cover ratio is presently 1.1 days.

Sparkline Intangible Value ETF Stock Performance

Shares of NYSEARCA ITAN traded up $0.05 during mid-day trading on Thursday, hitting $42.36. 2,301 shares of the stock were exchanged, compared to its average volume of 10,237. The company has a market cap of $106.75 million, a P/E ratio of 16.94 and a beta of 1.08. The stock’s fifty day simple moving average is $41.88 and its two-hundred day simple moving average is $39.25. Sparkline Intangible Value ETF has a twelve month low of $31.75 and a twelve month high of $43.07.

Sparkline Intangible Value ETF Company Profile

The Sparkline Intangible Value ETF (ITAN) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund comprised of US-listed companies the fund adviser believes to be attractive in terms of intangible assets. ITAN was launched on Jun 29, 2021 and is managed by Sparkline.